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A company has the following information for its financial reporting year ended May 31, 2018: EE (Click on the icon to review the data.) Determine

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A company has the following information for its financial reporting year ended May 31, 2018: EE (Click on the icon to review the data.) Determine the company's gross profit. The gross profit for the year ended May 31, 2018 is $ Data Table Merchandise Inventory, June 1, 2017 15,000 Freight In $ 7,000 Merchandise Inventory, May 31, 2018 24,600 Net Sales Revenue 168,000 Purchases 89,000 Common Stock 28,000 Purchase Discounts 2,000 Retained Earnings 18,000 5,000 Purchase Returns and Allowances Print Done Enter any number in the edit fields and then click Check

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